Starz shares gain momentum as the company reports strong OTT revenue growth and a doubling of adjusted OIBDA, while management maintains its long-term financial guidance for 2026 and 2027.
Starz demonstrated strong financial momentum by achieving both sequential and year-over-year growth in OTT and total revenue. The company's operational efficiency is highlighted by an adjusted OIBDA that more than doubled compared to the previous year, providing management with the confidence to reaffirm all previously stated financial targets for 2026 and 2027.
The company has officially reaffirmed all of its 2026 and 2027 financial targets.
Starz reported that its adjusted OIBDA more than doubled on a year-over-year basis.
Starz Entertainment Corp. posted sequential and year-over-year growth in both OTT and total revenue. The company also reported that adjusted OIBDA more than doubled compared to the previous year, leading management to reaffirm all financial targets for 2026 and 2027.
Starz achieved growth in both OTT and total revenue while more than doubling its adjusted OIBDA on a year-over-year basis.
No, the company explicitly reaffirmed all of its previously stated financial targets for 2026 and 2027.